Asked by OLUSEGUN ADELEKE on May 13, 2024
Verified
The B₂B purchasing process is often shorter and less complicated than the consumer decision-making process.
B₂B Purchasing Process
The series of steps that businesses go through when procuring goods or services from other businesses, including need identification, evaluation, and purchase decision.
Consumer Decision-making Process
The steps that buyers go through in selecting, purchasing, using, and disposing of goods or services.
Shorter
Relative term indicating a lesser length, duration, or extent compared to something else.
- Understand the distinct nature of institutional markets and the tailored marketing strategies required.
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Learning Objectives
- Understand the distinct nature of institutional markets and the tailored marketing strategies required.
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